Fanti, Luciano; Manfredi, Piero - In: Structural Change and Economic Dynamics 20 (2009) 2, pp. 126-135
A common belief in economic growth theory is that the instability of the balanced growth path of models based on a non-neoclassical production theory, such as the Harrod-Domar or Goodwin-type models, may be removed by introducing neoclassical technology and substitutability between factors. This...